AND THATS THE WAY IT IS . . .

"When the facts change, I change my mind. What do you do, sir?" - John Maynard Keynes

The S & P or SPY had a nice week as the Dow continued to make new all-time highs. Stronger than expected job numbers helped push the unemployment rate down to 7.7%, a 4 year low. It appears that the Rocky Balboa stock market never left the ring, at least in the U.S. I had been arguing since the very end of January that odds were favoring a correction for stocks. Behaviorally, the same intermarket trends which warned of the Summer Crash of 2011 and mini-corrections of last year were acting like a correction was underway in terms of what was leading equity averages.  It looked like a decline was about to aggressively take hold mid-February. It was like driving in a snowstorm - not a guarantee of an accident, but conditions that made one more likely.

Not every call will be right, and not every trade will be profitable. You know as taught in the FFTT our process, we know the results, and we stand by our models. The key in this is to always let price dictate your actions. Intermarket price was warning of a correction, and it didn't happen this time. That does not whatsoever invalidate the caution we were taking on. The year is young.

Last week was a pretty easy week for Slow Money Option Traders.  I had a failure of my ability to sign on to my system on Thursday and decide not to trade but rather to do some maintenance on my trading platform.  This week I am going to attempt to do live video on how I set up, read bollangers band, execute the trade and watch if for the last 2 days.  I believe long time subscriber Penny & Barry were the only ones who stayed around Friday after the recommendations and watched the live trades.

So how did SLOW MONEY OPTIONS do for the week?  I had announced 2 trade recommendations on Friday.   The AAPL trade 6 cents credit on the CALL and .16 cent credit on the PUT. 

I like consistency.   Remember always do the more conservative spread is the reason that I give you choices.  What I do is take all my recommendations just split the money between choices. You can trade just enough to give you an extra days results of trading or trade enough to give you a weeks worth of trading.  The choice is yours take responsibility.

I am trading weekly options to help you grow your portfolios a little each week. We are either making money or not losing money.  Thank you for letting me serve you, I consider it a privilege to work with each of you.  I strive to make a successful trade one week at a time.

Are you making money? If not why not trade with me. Remember the goal is to make money NOT lose money . . . Duh . . . . . . . Take a look and see how Slow Money Option Trading went https://docs.google.com/spreadsheet/ccc key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

Remember if your not a paid up member of the Fast MoneyTradingTeam you will not get the weekly Slow Money Option recommendations. Yes, I expect to publish Wednesday,Thursday or Friday my weekly option trade to the paid up members.